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Dec 21, 2012
12/12
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house speaker john boehner has scrapped the deal on plan b. boehner conceded last night he didn't have enough support from republicans to pass the bill which would raise taxes on households making more than $1 is million a year. the house is now in recess until the end of the year. the white house says the president's main priority now is to ensure taxes goes go up for 98% of americans and 97% of small businesses. for more on the tax, we're joined. talk about the cliff. you wake up to the news this morning. what do you make of it? what do you do now? >> i guess what's happening is there is more idealogical battling going on in the republican party than maybe was obvious a little while ago. our baseline view is they will strike a deal either down to the wire or early next year. growth next year will be quite weak. it has to be said that there is a tail risk that is substantial. maybe 25%, a little more than that. the idealogical battle about the future shape of the country really does drive us over part of the cliff, takes us toward the debt ce
house speaker john boehner has scrapped the deal on plan b. boehner conceded last night he didn't have enough support from republicans to pass the bill which would raise taxes on households making more than $1 is million a year. the house is now in recess until the end of the year. the white house says the president's main priority now is to ensure taxes goes go up for 98% of americans and 97% of small businesses. for more on the tax, we're joined. talk about the cliff. you wake up to the news...
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Nov 16, 2012
11/12
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he meets with harry reid, mitch mcconnell, john boehner and in an say palau and i. in an say pelosi. speaking on on thursday, simpson and bowles said washington hasn't been able to resolve the fiscal cliff because lawmakers haven't been focused on what's right for the country. >> leaders think it would be to their advantage to go off the fiscal cliff. what a wonderful trait that is, that we can win more as democrats if we let it go or more as complains. people are sick of that and they're ashamed of it. >> if we do get our house in order, future of america is really bright. if we don't, we're well on our way it to becoming a second rate power. >> bowles sees a one third chan of a deal during the lame duck session of congress. a one third chance nothing gets done and the economy moves into chaos. let's hear in michael gurhka. the economy moving in to chaos, is that why we're seeing this market action? >> i'm not surprised because on the equity side, it's always about confidence and right now a lot of politicians have not given the market any confidence whatsoever. so
he meets with harry reid, mitch mcconnell, john boehner and in an say palau and i. in an say pelosi. speaking on on thursday, simpson and bowles said washington hasn't been able to resolve the fiscal cliff because lawmakers haven't been focused on what's right for the country. >> leaders think it would be to their advantage to go off the fiscal cliff. what a wonderful trait that is, that we can win more as democrats if we let it go or more as complains. people are sick of that and they're...
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Dec 18, 2012
12/12
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boehner is expected to brief house republicans later today. joining us now for more, steven englander. fx strategy at citi. steven, hi. good morning. does that suggest to you we're going to get a resolution before, dare i say, weekend? >> i'm not sure about the weekend, but it looks increasingly as if they're both trying to avoid going over the fiscal cliff, even for a small period on of time. i think the warnings that fed economists and other economists have given is that this isn't something one should do lightly. we've been talking about this for a year and a half now. so i think that the range of differences has narrowed. >> i wonder what that means when we start to look into 2013, if some resolution is likely here. what is the outlook for the u.s. economy and for the dollar? >> obviously, this is a large issue. for markets, they don't need a brilliant resolution to it or a grand scheme plan. what the markets need to know is we're not going to have a disaster going over the cliff at the beginning of january. in terms of the dollar, it's go
boehner is expected to brief house republicans later today. joining us now for more, steven englander. fx strategy at citi. steven, hi. good morning. does that suggest to you we're going to get a resolution before, dare i say, weekend? >> i'm not sure about the weekend, but it looks increasingly as if they're both trying to avoid going over the fiscal cliff, even for a small period on of time. i think the warnings that fed economists and other economists have given is that this isn't...
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Dec 17, 2012
12/12
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they started off with boehner putting a generous offer. the tea party was outraged and saying he was being too soft. this weekend, he's not only talking about tax increases on those earning more than $1 million, but also slowing the inflation rate. so the figure that his sources are putting aside is about 1 trillion in increase. so that's quite a significant move. and the president has indicated he's willing to lower his amount to 1.4. so i feel like there is movement on both sides now. >> if this were november, i would be encouraged about thi these signs. unfortunately, we have a couple of working days left before the end of the year. how do we get there? >> the president is going to have to give in on some aspects. there is still a long way to go. nonetheless, i think something has happened over this weekend and we are in a new place where the republicans are willing to talk about -- >> why is that? do you think is it basically a sign of bargaining, they're coming from a position of weakness in terms of the bargaining? they will feel as
they started off with boehner putting a generous offer. the tea party was outraged and saying he was being too soft. this weekend, he's not only talking about tax increases on those earning more than $1 million, but also slowing the inflation rate. so the figure that his sources are putting aside is about 1 trillion in increase. so that's quite a significant move. and the president has indicated he's willing to lower his amount to 1.4. so i feel like there is movement on both sides now....
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Dec 28, 2012
12/12
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speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling his members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. harry reid says prospect deals by monday are unlikely. minority leader mitch mcconnell says there's still time for an agreement. >> republicans aren't likely to sign a blank check just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> now, a new reuters poll shows americans blame republicans more than democrats or president obama for the fiscal crisis. and when asked who they held more response, 27% said the gop, 6% pointed to the dems and 30% said all of the above. for more on this, we're joined by christian schultz from barronberg bank. welcome. so we're going over the fiscal cliff. >> well, the consumer confidenc already be over the cliff in terms of confidence already. that might already be the first impact of the crisis of -- not of the crisis, but yes of the fiscal cliff.
speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling his members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. harry reid says prospect deals by monday are unlikely. minority leader mitch mcconnell says there's still time for an agreement. >> republicans aren't likely to sign a blank check just because we find ourselves at the edge of the cliff. that wouldn't be...
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Dec 10, 2012
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president obama and john boehner meet face-to-face on sunday. does it mean we're any closer to the solution to the fiscal cliff? >>> a news conference by chairman ben bernanke, set for wednesday.
president obama and john boehner meet face-to-face on sunday. does it mean we're any closer to the solution to the fiscal cliff? >>> a news conference by chairman ben bernanke, set for wednesday.
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Dec 31, 2012
12/12
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you have to know beyond boehner what the party wants. but in some sense, the republicans are being sham bollic and making fools of themselves. but in another sense, they are reacting favorably or rationally to the structure they are in. we have the sensible country with the dysfunctional washington. the reality is we have a country of people who want to bankrupt their children, spend money on themselves, and will punish any politician who prevents them from doing that. and therefore they will punish republicans if they cut entitlements. they will punish democrats if they cut entitlements. so what you saw today was the president shifting attention from debt reduction to tax cuts, which is the easy thing. i think the problem is centrally in country, and the politicians look like idiots because they are responding to horrible incentives. >> shambalic. that's a great word. >> what does shambollic mean, actually? >> i'm british. >> ok. >> i thought i'd let it go the first time. i didn't know what it meant. tom, you interviewed the candidate o
you have to know beyond boehner what the party wants. but in some sense, the republicans are being sham bollic and making fools of themselves. but in another sense, they are reacting favorably or rationally to the structure they are in. we have the sensible country with the dysfunctional washington. the reality is we have a country of people who want to bankrupt their children, spend money on themselves, and will punish any politician who prevents them from doing that. and therefore they will...
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Dec 12, 2012
12/12
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boehner is demanding more details on spending cuts. the administration has made expensive proposals to reduce spending, but the republicans haven't offered specifics on revenue hikes. >>> today the federal reserve wraps up its two-day meeting with a decision at 12:30 eastern followed by updated economic projections from fomc members at 2:00 p.m. and ben bernanke's press briefing at quarter past. the fed is expected to announce a new round of bond purchases as its latest program, operation twist, is set to expire at the end of the month. cnbc will begin at 12:00 p.m. eastern. >>> joining us is stewart richardson, partner at rpmg. the press conference -- we'll hear a fresh round of stimulus from the fed. how significant would that be? >> in my mind it's not that significant. i think as optics, people think this is another addition to the stimulus. the fact is that the fed for months and months and months when they go out to purchase longer term treasuries, they're trying to reduce the supply of those in the market and effectively swap sh
boehner is demanding more details on spending cuts. the administration has made expensive proposals to reduce spending, but the republicans haven't offered specifics on revenue hikes. >>> today the federal reserve wraps up its two-day meeting with a decision at 12:30 eastern followed by updated economic projections from fomc members at 2:00 p.m. and ben bernanke's press briefing at quarter past. the fed is expected to announce a new round of bond purchases as its latest program,...
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Nov 8, 2012
11/12
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what did john boehner say yesterday? was he signaling a deal, was he opening the door or is the door still slammed shut for these two parties to reach an agreement before year end? >> after having watched the white house and republicans in congress bludgeon each other to death for the last two years on the deficit, yesterday the whous said they wanted to work with the republicans, they didn't draw a line in the sand. and speaker boehner had much the same thing to say. he said he wants on to get a deal. i think both the white house and republicans are looking for a way out of this at this point and they can't cave immediately. there will probably be points where it look tsz like the wheels have come off, but i think the initial rhetoric was all positive. they're looking to reach out and cut some sort of deal and talks have already begun. >> you singled out two important phrases, one being new revenue and the other being reform. again, do these signal the gop is moving towards some sort of agreement with obama and what are
what did john boehner say yesterday? was he signaling a deal, was he opening the door or is the door still slammed shut for these two parties to reach an agreement before year end? >> after having watched the white house and republicans in congress bludgeon each other to death for the last two years on the deficit, yesterday the whous said they wanted to work with the republicans, they didn't draw a line in the sand. and speaker boehner had much the same thing to say. he said he wants on...
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Dec 5, 2012
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john boehner is really the only republican power in town. so a lot of people think that he's going to have to move toward the president. right now, he's showing absolutely no signs of that. but public opinion is definitely in the president's side. >> the president seems to be counting on here that if no deal is reached, the gop will get the blame from voters. is that the right calculation to make? >> absolutely. polls show that republicans would overwhelmingly be blamed if the united states goes over the proverbial fiscal cliff. and that's why president obama has an advantage, because he's willing -- he says, this is what he and his advisers say, he's willing to send the nation off of the fiscal cliff, letting all income tax rates to jump, spending cuts to take hold, investment income rates to jump. he's willing to do that. he thinks republicans would get the political blame. republicans, on the other hand, note that listen, the president's going to have to have another term where he's dealing with what's likely to be a deep recession as a r
john boehner is really the only republican power in town. so a lot of people think that he's going to have to move toward the president. right now, he's showing absolutely no signs of that. but public opinion is definitely in the president's side. >> the president seems to be counting on here that if no deal is reached, the gop will get the blame from voters. is that the right calculation to make? >> absolutely. polls show that republicans would overwhelmingly be blamed if the...
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Dec 20, 2012
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house speaker john boehner has reportedly adding spending cuts. president obama says he'll veto the bill which will raise tax rates for those making more than $1 million a year. the president says house republicans should stop trying to score points against him. >> take the deal. you know, they will be able to claim that they have worked with me over the last two years to reduce the deficit more than any other deficit reduction package, that we will have stabilized it for ten years. that is a significant achievement for them. they should be proud of it. but they keep on finding ways to say no as opposed to finding ways to say yes. >> senate minority leader mitch mcdonnell says there is still time to resolve the budget stalemate with the white house and believes a deal could be reached by the end of the week. investors are looking for a slight upward revision to u.s. gdp when the commerce department will release figures ahead of the opening bell today. the dow jones forecast suggests it was raced 2.8% compared to the previous estimate of 2.7%. drew
house speaker john boehner has reportedly adding spending cuts. president obama says he'll veto the bill which will raise tax rates for those making more than $1 million a year. the president says house republicans should stop trying to score points against him. >> take the deal. you know, they will be able to claim that they have worked with me over the last two years to reduce the deficit more than any other deficit reduction package, that we will have stabilized it for ten years. that...
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Dec 14, 2012
12/12
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obama and boehner try to stall budget talks. shanghai shares see their biggest daily gain in more than thee years. and japan's business sentiment sours in the fourth quarter days after fresh elections. >>> u.s. officials have confirmed the nation is deploying patriot missiles and 400 troops to turkey to help the country against potential attacks in esyria. in egypt, sis citizens are preparing to vote t in first round of the referendum on president morsi's powers. for more, we are joined now by peter apps, political correspondent at reuters. peter, good morning. >> good morning. >> thanks for joining us. what are you expecting out of the vote this weekend which apparently is one out of two votes we're going to see on the constitution. >> i think the simplest thing is it will not solve anything. it's not clear at the moment how much of the opposition supporters are going to vote if in this referendum and how many are going to boycott it. what we know is whatever happens these protests are not going to stop. that's going to put mor
obama and boehner try to stall budget talks. shanghai shares see their biggest daily gain in more than thee years. and japan's business sentiment sours in the fourth quarter days after fresh elections. >>> u.s. officials have confirmed the nation is deploying patriot missiles and 400 troops to turkey to help the country against potential attacks in esyria. in egypt, sis citizens are preparing to vote t in first round of the referendum on president morsi's powers. for more, we are...
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Dec 27, 2012
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you know, boehner is going to be coming up to a speaker election january 3rd. all it will require is 17 republicans to overthrow him if they don't support him. that is a tiny number. you could argue this is inherently unstable. you could argue that maybe we're going to get it. some talk about bringing him an outside speaker like john huntsman. and i don't see that happening. but you get a sense of anything could happen in this system. >> and maybe it's a benefit. maybe in the long-term, but certainly right now there does seem to be a sense that it is a small group of people holding the rest of the process hostage. >> oh, yes. i'm trying to find something good to say about something. because the alternative is china, you know? i'd rather have a -- >> is that the case, though? is there not an alternative that you see and other examples as you look whether it's to europe, here in the uk? >> right. right. and people have been saying right now that america needs to do what britain has been doing. and maybe there's a case for that. but nonetheless, if britain has a p
you know, boehner is going to be coming up to a speaker election january 3rd. all it will require is 17 republicans to overthrow him if they don't support him. that is a tiny number. you could argue this is inherently unstable. you could argue that maybe we're going to get it. some talk about bringing him an outside speaker like john huntsman. and i don't see that happening. but you get a sense of anything could happen in this system. >> and maybe it's a benefit. maybe in the long-term,...
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Dec 26, 2012
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speaker john boehner has not even committed to bringing the house back into session. the senate will come back on thursday. and not deal with the fiscal cliff but deal with spending bills to clean up new york and connecticut and new jersey from hurricane sandy and reauthorize some intelligence bills. so i mean, there's no real deal in the offing. there's nothing going on behind the scenes that would lead us to believe that anything would get done before january 1. >> all right. josh, out to you. obviously a lot of the discussion has been around the kind of deal that we would get if we do get something. if a deal does come through, it -- more likely will not be comprehensive, right? there's going to be a lot of negotiating that occurs after the first of the year. i guess my question to you is, does this leave the markets open to turmoil and more volatility as we head into january? >> the markets are going to be left open to turmoil and volatility, period. what we've seen is that despite the stakes getting higher, this isn't a game of poker but one of go fish. and no on
speaker john boehner has not even committed to bringing the house back into session. the senate will come back on thursday. and not deal with the fiscal cliff but deal with spending bills to clean up new york and connecticut and new jersey from hurricane sandy and reauthorize some intelligence bills. so i mean, there's no real deal in the offing. there's nothing going on behind the scenes that would lead us to believe that anything would get done before january 1. >> all right. josh, out...
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Dec 3, 2012
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house speaker john boehner standing firm against higher taxes. sgr we' >> we've put a serious offer on the table by putting revenues up there. but the white house has responded with virtually nothing. >> why does it make sense for the country to force tax increases on all americans because of a small group of republicans won't extend tax rates for 2% of americans. there's no reason why that should happen. >> democratic strategy from bgr joining us. we'll always get a standoff at some point in these negotiations. is it a terminal standoff? when does somebody blink? >> it's not a matter of who will blink or not. i think that the republicans are trying to go tit for tat with the president. you have to realize that the president has the bully pulpit and the ability to command media. so the republicans feel the need to respond to every maneuver. i think frankly that the president's put a detailed plan on the table. republicans need to respond to that detailed plan and then they need to get in the weeds. i'm still optimistic that we'll get something do
house speaker john boehner standing firm against higher taxes. sgr we' >> we've put a serious offer on the table by putting revenues up there. but the white house has responded with virtually nothing. >> why does it make sense for the country to force tax increases on all americans because of a small group of republicans won't extend tax rates for 2% of americans. there's no reason why that should happen. >> democratic strategy from bgr joining us. we'll always get a standoff...
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Nov 7, 2012
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>> well, it leaves him confronting a speaker of the house john boehner who i hope will be able to exert this time a bit more control over his republican constituency. they have got to work together. otherwise, president obama will be obliged to use the fiscal cliff as a weapon, blaming the republicans for perhaps crippling the economy again as these new taxes kick in and as across the board thoughtless spending cuts come into effect. that would be bad for the country and bad for the start for the new administration. there needs to be cooperation between the two sides of the aisle. i hope we have a chance to have that now. >> the president presumably, as he's just won a second term, he could argue look, i have the right plan and put the onus squarely on the republican party to get behind it. >> theoretically, he should be able to do that, and he's luckier than any of his predecessors that had a major term because he's not dealing with a watergate, not a monica lewinsky, not a vietnam war. he's dealing with the problem that was there since he's been elected, the economic recovery, which n
>> well, it leaves him confronting a speaker of the house john boehner who i hope will be able to exert this time a bit more control over his republican constituency. they have got to work together. otherwise, president obama will be obliged to use the fiscal cliff as a weapon, blaming the republicans for perhaps crippling the economy again as these new taxes kick in and as across the board thoughtless spending cuts come into effect. that would be bad for the country and bad for the start...
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May 21, 2012
05/12
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the house speaker john boehner says dodd-frank cooperate have prevented j.p. morgan's losses. >> there's no law against stupidity. and as long as deposit money wasn't at risk and as long as there is no risk of a taxpayer bailout, they should be held accountable by the market and their shareholders. and it they are. >>> and egypt heading for its first ever democratic vote. one possible winner is the former arab league chief. yousef caught up with the candidate and joins us now. what kind of mood did you find him in? >> sorry, ross, could you come again? >> yeah, what kind of mood did you find him in? >> well, ross, he's an upbeat and confident mood. it is a difficult race to say the very least. there are three camps that candidates are divided into, one being the islamic camp and they have strong support among the people, as well, and then you have the secular camp where he finds himself. and then of course the leftist, as well. he's trying to sell himself as a states man. he's 76 years old. you mentioned his background as a veteran diplomat. his policies are l
the house speaker john boehner says dodd-frank cooperate have prevented j.p. morgan's losses. >> there's no law against stupidity. and as long as deposit money wasn't at risk and as long as there is no risk of a taxpayer bailout, they should be held accountable by the market and their shareholders. and it they are. >>> and egypt heading for its first ever democratic vote. one possible winner is the former arab league chief. yousef caught up with the candidate and joins us now....
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Dec 6, 2012
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. >> john boehner and president obama speaking by phone, but no announcement of any upcoming face to face budget talks. earlier the president told the business round table that a deal to avoid the fiscal cliff could be reached quickly if republicans drop their opposition to raising tax rates on the wealthy. and in an interview on cnbc, timothy geithner says the gop is making a little bit of practice, but the white house is absolutely ready to go over the cliff if tax rates on the top 2% don't rise. >> our obligation is first do no harl. we need to lift that threat over the economy. and now as part of that, we'd like to put in place as i said a carefully designed mix of reforms to put our fiscal balance in the path of sustainability. as long as there is recognition by the other side that those rates will go up, we think we can reach an agreement on the set of reforms as i said that will be good for the economy. >> republicans were quick to hit back. orrin hatch called them stunning and irresponsible, but there may be more cracks in the ranks. "washington post" reports some moderate an
. >> john boehner and president obama speaking by phone, but no announcement of any upcoming face to face budget talks. earlier the president told the business round table that a deal to avoid the fiscal cliff could be reached quickly if republicans drop their opposition to raising tax rates on the wealthy. and in an interview on cnbc, timothy geithner says the gop is making a little bit of practice, but the white house is absolutely ready to go over the cliff if tax rates on the top 2%...
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Dec 7, 2012
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. >>> budget talks have resumed between the staff of john boehner and the white house. "wall street journal" says this creates a ne crea breaks a near week long silence as the fiscal cliff looms. they promise to renew the negotiations. and are you earning $250,000, worried about having to pay more tax? you may be able to earn up to $300,000 and not have to hand over more cash to the irs. head to cnbc.com for more. and victor hugo's classic thofl about life, love and hitting the big screen. carolyn went to speak to the stars of the film to find out why the classic story still resonates. ♪ >> i think human truths are human truths and there's also a certain cycle to the world. >> just a look at the world and humanity, and we'll always be moved by a passion for fighting for what we believe in, we've always been moved by love. >> the power of redemption are all themes that transcend time. >> les mis has been performed 10,000 times and seen by 16 people worldwide. and now it's a major motion picture featuring hugh jackman and anne hathaway. so what does it take to transform
. >>> budget talks have resumed between the staff of john boehner and the white house. "wall street journal" says this creates a ne crea breaks a near week long silence as the fiscal cliff looms. they promise to renew the negotiations. and are you earning $250,000, worried about having to pay more tax? you may be able to earn up to $300,000 and not have to hand over more cash to the irs. head to cnbc.com for more. and victor hugo's classic thofl about life, love and hitting...
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Dec 24, 2012
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the tea party is alive and well and there are suggestions that boehner may not be able to hold on to his position. >> that brengs up an interesting point. there's fighting within the parties themselves that we're not privy to. i think your point is well made there, there might be some radical changes in that party. they're infighting and that's why they're not sitting down at the table. but from my sources in the u.s., there are members of each party talking to each other over drinks and things like that. so there is progress. >> i want to come back in what to invest on, and you were indicating that you think we could potentially see more value coming out of europe next year. we keep hearing that it takes a year for the economic data to get into the real economy, right? and this should be reflected in the europe an equity markets you would assume. we're still in contraction. >> yeah. my concern about this is not -- we shouldn't be looking at the market by itself. we should be looking at the market in comparison to the other markets. i don't think the european market is going to do in
the tea party is alive and well and there are suggestions that boehner may not be able to hold on to his position. >> that brengs up an interesting point. there's fighting within the parties themselves that we're not privy to. i think your point is well made there, there might be some radical changes in that party. they're infighting and that's why they're not sitting down at the table. but from my sources in the u.s., there are members of each party talking to each other over drinks and...
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Nov 27, 2012
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meanwhile the white house says president obama called house speaker john boehner and harry reid this weekend for avoid efforts on fiscal cliff. on wednesday president obama will seek more input from top ceos, including gold man's lloyd blankfein and caterpillar's doug owner hill man. a number will travel to washington to try to reach a deficit cutting deal as part of the fix the debt campaign. so all things fiscal cliff still pre-dominate. we have a time clock that's quickly running out. how important is it that we get an agreement before the end of the year? >> this is like the debt ceiling argument. people got into a panic. that's something we even imposed on ourselves to decide that the debt shouldn't go too high. so it's not a bad thing. same with the fiscal cliff. what are we saying with the fiscal cliff? we're saying the economy might be revealed to be what it's actually doing because we'll take away the artificial supports because we think it's held any enough now to maybe after itself. that might entail a step drop because at the moment we're giving these tax breaks, but we'r
meanwhile the white house says president obama called house speaker john boehner and harry reid this weekend for avoid efforts on fiscal cliff. on wednesday president obama will seek more input from top ceos, including gold man's lloyd blankfein and caterpillar's doug owner hill man. a number will travel to washington to try to reach a deficit cutting deal as part of the fix the debt campaign. so all things fiscal cliff still pre-dominate. we have a time clock that's quickly running out. how...
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Nov 26, 2012
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. >> and john boehner's called for a short term fix to overt the fiscal cliff so congress can work on on a bigger deal in 2013. but in an op-ed, republican senator bob corker says both sides need to carve out a $4 trillion package that includes both revenue hikes and spending cuts by the end of the year. >>> still to come, the miss crest shopping day of the year for online retailers. snapping up deals on big ike ket item. we'll get a look. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >>> today is cyber monday. analysts say it's not as big a day as it's been in past. so many people shopping online over the weekend. but com score still says sales might reach $1.5 billion. pierce, sunday it earlier, consumers appear to be on fire. >> kind of defies gravity a little bit. but with the consumer confidence data in the last three months, the consumer confidence numbers are up at five yea
. >> and john boehner's called for a short term fix to overt the fiscal cliff so congress can work on on a bigger deal in 2013. but in an op-ed, republican senator bob corker says both sides need to carve out a $4 trillion package that includes both revenue hikes and spending cuts by the end of the year. >>> still to come, the miss crest shopping day of the year for online retailers. snapping up deals on big ike ket item. we'll get a look. having you ship my gifts couldn't be...
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Nov 12, 2012
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. >> what kind of hand does john boehner have? where sg it leave him and his ability to control the tea party wing? >> it actually puts skron boehner in a good position because during the debt ceiling talks last year, he had a lot of push back from the very far right of his party in the house. the tea party caucus, for example. this time around we won't see the same dynamic at all because the tea party caucus and far right have lost a lot of political capital in light of the election. so what we've already seen is speaker boehner talking to republicans in the house, putting his foot down early and saying we're not going to have that same push back we saw. instead, i'm going to tell you what we're going to do and what this deal is going to look like and you'll fall into line. >> he got criticism because he negotiated a deal and then went back and tried to sell to the party. does he naed to do he need to d way around, get a set position and then go into discussions? >> i think that is the thinking this time around. and he has certai
. >> what kind of hand does john boehner have? where sg it leave him and his ability to control the tea party wing? >> it actually puts skron boehner in a good position because during the debt ceiling talks last year, he had a lot of push back from the very far right of his party in the house. the tea party caucus, for example. this time around we won't see the same dynamic at all because the tea party caucus and far right have lost a lot of political capital in light of the...
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Nov 13, 2012
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spier boehner came so and sang the first version and president obama sang the second verse. they'll find a middle ground because there's a mandate for it and everybody knows what the issues are. so i actually am very optimistic that we'll have some pain in the short run, maybe three to six months, we'll start moving towards an end game and that's where investors should be positioned for. remember what wayne gretzky said. he was successful because he traded to where the puck was going, now where it is now. >> and a compromise involves higher taxes somewhere, so what does that do for your clients and investments? >> what i love that richard lefrak said is that wealth has been convicted and we're just waiting for the sentencing. that really puts it in context. because the wealthy, whatever that means and whatever they decide wealthy people are, with already knowing that they'll pay more. one of the things that's interesting is once that happens, and i believe that's the beginning rounds, all eyes will be turning to, okay, great, that's done, the villain is out of the room. >> i
spier boehner came so and sang the first version and president obama sang the second verse. they'll find a middle ground because there's a mandate for it and everybody knows what the issues are. so i actually am very optimistic that we'll have some pain in the short run, maybe three to six months, we'll start moving towards an end game and that's where investors should be positioned for. remember what wayne gretzky said. he was successful because he traded to where the puck was going, now where...
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Dec 13, 2012
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we had a press conference from speaker of the house john boehner. he doesn't sound all that optimistic the. >> i remain the most optimistic person in thoun, but we've got some serious differences. >> also on wednesday, jpmorgan ceo jamie dimon said that the economy, if washington can get a deal here is poised to rocket. >> the table is set very little right now. small business in good shape. 5 million more people working than four years ago. housing has turned the corner. let's just keep it going. >> so what were they doing up here on capitol hill? well, they're holding duelling press conferences with images for the tv cameras, one of a group of adorable young children and another one using a santa claus here, everybody trying to make their point, everybody trying to grab the camera's attention, but not a lot of negotiating progress here, at least in public. that's where we stand for now. >> eamon there from washington with the latest. >>> here in central london, it's about to get a lot greener. urban farming is coming to london rooftops. the garden
we had a press conference from speaker of the house john boehner. he doesn't sound all that optimistic the. >> i remain the most optimistic person in thoun, but we've got some serious differences. >> also on wednesday, jpmorgan ceo jamie dimon said that the economy, if washington can get a deal here is poised to rocket. >> the table is set very little right now. small business in good shape. 5 million more people working than four years ago. housing has turned the corner....
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. >>> talks between the white house and house speaker john boehner's office having been increasing. the discussions have become more serious and both sides still face major differences. there's an office peace by republican senator portman in the "wall street journal." while he disagrees with president obama's call to raise taxes on top earners, quote, the negotiations require a good and take. still to me it sounds like a lot of the same. but we'll leave it there. they will be leading off every hour with a special mission critical rise above report talking to lawmakers pushing them as to why there is no deal to avoid the fiscal cliff and explain what's at stake. i think they may be chasing people down the halls to some extent. >> to be a fly on the wall. >> i guess it's more. we will hear becky personally. >> becky will remind us what's going on today. a pen fee of them will go october trade sales. the like day for earning, that's due before the opening sales. >> always a good read. >>> protests in egypt's tahrir square turns to violence this morning with nine reportedly injured fro
. >>> talks between the white house and house speaker john boehner's office having been increasing. the discussions have become more serious and both sides still face major differences. there's an office peace by republican senator portman in the "wall street journal." while he disagrees with president obama's call to raise taxes on top earners, quote, the negotiations require a good and take. still to me it sounds like a lot of the same. but we'll leave it there. they will...
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Oct 12, 2012
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. >> the president has agreed and boehner had agreed to a certain amount of revenue increases. boehner went to to the white house and the president napded that there be another $500 billion worth of tax increases. the whole they think fell apart. and that's not my version of the events. that he's the way it was written up in the "washington post." so they had an grept and the president backed out of it. >> so you're confidence there could be another agreement post the election once we face the fiscal cliff to avoid the act that would hurt growth or to avoid the repeat of a debt ceiling confrontation? >> we all know we're facing a fiscal cliff, whether it be sequestration, the can debt limit, all the taxes hiked or not, we are facing a fiscal cliff.an debt limit, all the taxes hiked or not, we are facing a fiscal cliff.n debt limit, all the taxes hiked or not, we are facing a fiscal cliff. debt all the taxes hiked or not, we are facing a fiscal cliff.debt all the taxes hiked or not, we are facing a fiscal cliff. everybody knows we have to fix it, but nobody knows how. i believe
. >> the president has agreed and boehner had agreed to a certain amount of revenue increases. boehner went to to the white house and the president napded that there be another $500 billion worth of tax increases. the whole they think fell apart. and that's not my version of the events. that he's the way it was written up in the "washington post." so they had an grept and the president backed out of it. >> so you're confidence there could be another agreement post the...
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Nov 9, 2012
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what we heard from john boehner, the house speaker earlier this week, sort of conflicting remarks on whether p ares would be open to tax increases. the day after the election, he said that revenue increases might be a possibility, but then in interview yesterday, he said basically we're not open to tax increases. so it will be interesting to see how much of a focus the president puts on the issue of revenue increases in his remarks today. >> what impact has the election had on the hard liner republicans? has it made them more malleable? >> it certainly looks like it has early on here. the tone in washington is we lost the election, mitt romney did not win, the american people have spoken. we have to work with this president the next four years and that's different than what we've seen the last year and a half which is we want to do everything we can to make this president a one term president. now that that's not going to happen, republicans don't have much choice, they have to work with this president and the tone here is very different so far than what we saw the last year. the que
what we heard from john boehner, the house speaker earlier this week, sort of conflicting remarks on whether p ares would be open to tax increases. the day after the election, he said that revenue increases might be a possibility, but then in interview yesterday, he said basically we're not open to tax increases. so it will be interesting to see how much of a focus the president puts on the issue of revenue increases in his remarks today. >> what impact has the election had on the hard...
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Oct 25, 2012
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first of all, we know from last summer that obama and john boehner were close it a so-called grand bargain that would make real progress on sbilgtment entitlements and taxes. and both sides pulled back most of all because of the difficulty of convincing their respective political bases to go along. and part of the calculation was why do a deal with this president when we're pretty sure a republican will be in the white house in 2013. if this re-election reelects obama, that strategy will have to be reexamined. and an obama without having to run for re-election will have a little bit more leverage to stand his ground especially on not extending the bush tax cuts. so that might slight thely change the dynamic. but i think that everyone realizes this is as much wishful thinking as it is a high conviction forecast. >> all right. greg, stick around. a top story is what to expect from apple. investors expecting as much of a $50 price swing either up or down. find out the whole story on cnbc.com. dane says earnings should be higher than expected. what do you think? do you think apple's results wi
first of all, we know from last summer that obama and john boehner were close it a so-called grand bargain that would make real progress on sbilgtment entitlements and taxes. and both sides pulled back most of all because of the difficulty of convincing their respective political bases to go along. and part of the calculation was why do a deal with this president when we're pretty sure a republican will be in the white house in 2013. if this re-election reelects obama, that strategy will have...
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Nov 29, 2012
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and then with house republicans including speaker john boehner, eric cantor and paul ryan. geithner will lunch with mitch mcconnell and then house minority leader nancy pelosi. president obama is signaling he's flexible on on where tax rates should go for the wealthiest americans. a return to the clinton era tax rates would have households pay between 36% to 39%. the president met with a group of 14 ceos wednesday afternoon. they offered support for resolving the if i can crisis with a proposal for higher taxes for those who make more than a quarter million dollars a year. sdl bo >> both sides have acknowledged that there will be revenue concessions and sbilgtment cent concessio concessions. i'm not a master of the political art here, but i would say if you have these point of views in a business context as close as they are, i would say a deal would be in reach. >> ford chairman bill ford junior agrees with blankfein saying he's confident the obama administration can reach a deal with congress to avoid the fiscal cliff. but speaking with reporters in bangkok, he says the a
and then with house republicans including speaker john boehner, eric cantor and paul ryan. geithner will lunch with mitch mcconnell and then house minority leader nancy pelosi. president obama is signaling he's flexible on on where tax rates should go for the wealthiest americans. a return to the clinton era tax rates would have households pay between 36% to 39%. the president met with a group of 14 ceos wednesday afternoon. they offered support for resolving the if i can crisis with a proposal...
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Dec 19, 2012
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plan b could offer house speaker john boehner and the gop some cover as they are -- they could argue they did what they could to stop the full impact of the fiscal cliff. >>> oracle's second quarter profits rose 18%. and revenues were up 3%, topping forecasts on strong sales of new software. revenue growth was held down by the company's hardware business, which did decline more than expected. oracle says it was business as usual during the quarter, though, despite uncertainty by customers over the fiscal cliff. the company's ceo says clients have continued to spend this month. they want to close deals, and there's been no negative impact to pricing. oracle shares responding up in frankfurt trade by 2.4% to the upside. >>> the federal trade commission had been expected to wrap up its antitrust probe into google's search practices this week. reports say the agency will delay its decision for several weeks. and the ftc's move comes after european regulators took a hard line on google in a similar investigation. google's been accused of giving rivals lower ranking in search results which
plan b could offer house speaker john boehner and the gop some cover as they are -- they could argue they did what they could to stop the full impact of the fiscal cliff. >>> oracle's second quarter profits rose 18%. and revenues were up 3%, topping forecasts on strong sales of new software. revenue growth was held down by the company's hardware business, which did decline more than expected. oracle says it was business as usual during the quarter, though, despite uncertainty by...
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Nov 5, 2012
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the tea party is a real power set within the republican party and it's questionable if john boehner will really be able to hold those guys together. >> finally, the redskins lost their last home game. does that make you nervous? >> well, frankly, with dan snyder's leadership, they've been losing a lot of home games. so i know they have rg3 who is a terrific quarterback, but i'm going to put my money on president obama, not on dan snyder and his leadership. >> so you'll ignore the redskins rule which -- >> i'm only going to ignore it is because the race is so close in the most important state which is ohio. so if the redskinsef laveland b cincinnati bengals, maybe i would care. but what happens in ohio will truly make a difference. >> he's taking some liberties with the redskins rule. >> well, i'm from ohio. >> the red skin rule 2.0, which has to cover what happens -- >> morris, thanks very much. >> it's not just the u.s. of course where we're getting leadership change. potential potentially the communist party has launched a probe, as well into wen. the investigation comes at w event n a
the tea party is a real power set within the republican party and it's questionable if john boehner will really be able to hold those guys together. >> finally, the redskins lost their last home game. does that make you nervous? >> well, frankly, with dan snyder's leadership, they've been losing a lot of home games. so i know they have rg3 who is a terrific quarterback, but i'm going to put my money on president obama, not on dan snyder and his leadership. >> so you'll ignore...
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Dec 4, 2012
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john boehner will pull the switch in a hospital of holiday inn duesed n induced nonpartisa. >> that's the look ahead today. we've had a few technical problems with getting our licks up to north america which is why we've had a number of guests stacking up, but i'm assured we're working on them. we will talk about the ski season, as well. before that, let's remind you what the headlines are today. fiscal cliff talks set to drag ons as budget proposal by republicans dismissed by the white house. banking union talks taking central stage in brussels. finance ministers trying to find a deal. and australia central bank has cut interest rates to its lowest level since the financial crisis. how? cdw and hp networking implemented a virtual application network that reduces the time to deploy cloud applications from months to minutes. with fewer bottlenecks like this. finally. charles! client golf. aim for the lake. really? can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express
john boehner will pull the switch in a hospital of holiday inn duesed n induced nonpartisa. >> that's the look ahead today. we've had a few technical problems with getting our licks up to north america which is why we've had a number of guests stacking up, but i'm assured we're working on them. we will talk about the ski season, as well. before that, let's remind you what the headlines are today. fiscal cliff talks set to drag ons as budget proposal by republicans dismissed by the white...